Employee provision act-1952" It is also called employee social security feature as below manner:
1-Medical.
2-Education.
3-House.
4-Motor.
5-Old age security.
6-Good interest.
*Some more EPFO main pints are below manner :
1-If any company register in EPFO Act. 1952 of India then all are covered (processed Form-2) but employee contribution minimum should now Rs.15000 pm. criteria use while Form 11 filed for exempted
employee(Those don';t wish PF a/c).
2-Employee can live normal life.
3-employer register their company.
4-controlling authority EPFO.
5-If EPF law follow by employer then some penalties,fine on employer.
6-EPF law applicable where 20 or more employee work last 12month/yr in any Day.
7-If any employee PF contribution Min.Rs.15000(Basic)+DA+RA(Redundance Allowance).
8-If any employee basic is equal to less than Rs.15000pm. he';ll compulsory contribute on PF a/c.
9-It also called EPF or EPF wages.
10-Optional scheme those like/dislike employee contribute to PF.
11-Technically point of view all benefits given by only on by EPFO India.
Are you searching full time or part time business from home for worldwide level ???
Are you searching full time or part time business from home for worldwide level ???
1-Employee can withdraw some fund & Advance loan etc.
2-EPFO of India provide EPS(employee pension scheme).
If any employee serve Min.10year any organization then he'll illegible for EPS & EPFO
give 8.75% interest continuously if employee contribution Mini.3Yr only &
now Min.Rs.100pm pension will given to employee on age 58 yr(Super Anuation Age).
If employee processed Form-10C before 10yr then EPFO india can give him total PF fund &
No pension will given to that employee.
3-If any employee exit their job before SIX-Month & processed their Form-19 & Form-10 C
then at the time PF withdrawal then employee got employee contribution PF fund only that not get
employer PF fund contribution toward employee .
If employee PF withdraw employee after some years then TDS (updated 2015) also deducted from
employee PF account.
4-Employee EPF contribution is 12%pm.-20%pm Of Basic+DA Only & now employer contribution 13.36%pm.
(Updated 2015) where 3.67%pm.(epf-eps),8.33%pm.(Maxi-Rs.1250pm.on 15000Basic+DA)
while 1.36%pm. of basic+DA( 0.85%pm.EPF Amin charge Mini.Rs.75-500(Updated Jan.2015),
0.50% EDLI contribution Min.Rs.33-75pm.,EDLI Amin Charge 0.01% Min.Rs.200pm.)
(Rest of All charge update in 2013-14).
*EDLI(employee deposit linked insurance) Scheme:
1-It is provide by LIC only for employee Accidental death only contribution (EDLI fund)
by employer.
2-Now employee financial support by Rs. 3.60Lac(Updated 2014) to their
dependent.
3-If employee provide service better than EDLI services then employer can Exempted
from EDLI scheme then employer have to show proof in front of EDLI.
4-If any employee contribute in EPF & EPS then only EDLI fund applicable only.
5-If any employee on duty got death then Job'll given to their dependent so more updates
keep touch with this Blog/share/Like/comment on it.
6-Every month EPF remittances of contribution (EPF Act 1952) On/Before 15th Date must
otherwise late fine charge bear by employer so further knowledge keep touch with our Blog.
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